Previous Highz broken out, Heading for new Highz

As expected, Bulls successfully breakout previous highz and recorded new Highz.
This upmove to continue further towards 12300-12350 zone initially.
Key support exists at 12160 spot.
Previous High acts as strong support now.
Avoid short selling at highs. Bulls in Action now.
Many stocks bouncing from support levels.
Banknifty likely to push nifty upward.
Buy on Dips market.
Resistance 12300-12350.
Supports at 12160-12140.
Suryadev Bandari
Research Analyst

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